Consent Agreement and Order: Rates For Us, LLC

2 5. On July 30, 2025, an examiner from the Department commenced a routine examination of RFU at its principal place of business, Committing to Close Mortgage Loans 6. Section 6123(a)(7) of the MLA states in pertinent part: “Mortgage loan business prohibitions. – A licensee engaging in the mortgage loan business shall not:…In the case of a mortgage broker or mortgage originator, commit to close or close mortgage loans in its own name, service mortgage loans, enter into lock-in agreements or collect lock-in fees or be or designate the exclusive recipient of notices or other communications sent from a lender or servicer to a consumer…”. 7 Pa. C.S. § 6123(a)(7). 7. RFU committed to close mortgage loans in its own name through the issuance of “Preapproval Letter”s. Authority of the Department 8. Pursuant to section 6138(a)(1) of the MLA, the Department has the authority to “Examine any instrument, document, account, book, record, or file of a licensee or any person having a connection to the licensee or make other investigation as may be necessary to administer the provisions of this chapter.” 7 Pa. C.S. § 6138(a)(1). 9. Pursuant to section 6138(a)(4) of the MLA, the Department has the authority to issue orders “as may be necessary for the proper conduct of the mortgage loan business by licensees, the issuance and renewal of licenses and the enforcement of this chapter.” 7 Pa. C.S. § 6138(a)(4). 10. Section 6140(b) of the MLA authorizes the Department to impose a fine of up to $10,000 for any violation of the MLA. 7 Pa. C.S. § 6140(b).

3 VIOLATIO
11. RFU is in violation of Section 6123(a)(7) of the MLA for committing to close mortgage loans in its own name through the issuance of pre-approval letters. 7 Pa. C.S. § 6123(a)(7). RELIEF 12. Fine. RFU agrees to pay a fine of one hundred twenty-seven thousand five hundred dollars ($127,500). The fine may be paid in (12) monthly installments of $10,625 with the first payment due within thirty (30) days of the Effective Date of the Order as defined in paragraph 20 below. The fine payment shall be made through the Department portal at https://www.portal.dobs.pa.gov. 13. Corrective Action. RFU shall comply with the MLA at all times. FURTHER PROVISIO
S 14. Consent. RFU hereby knowingly, willingly, voluntarily and irrevocably consents to the entry of this Order pursuant to the Department’s order authority under the CCC and agrees that it understands all of the terms and conditions contained herein. RFU, by voluntarily entering into this Order, waives any right to a hearing or appeal concerning the terms, conditions and/or penalties set forth in this Order. 15. Consumer’s Rights. This Order shall not limit or impair any consumer’s rights under MLA. 16. Publication. The Department will publish this Order pursuant to its authority in the Department of Banking and Securities Code. 71 P.S. § 733-302.A.(5). 17. Entire Agreement. This Order contains the whole agreement between the parties. There are no other terms, obligations, covenants, representations, statements, conditions, or otherwise, of any kind whatsoever concerning this Order. This Order may be amended in writing by mutual agreement by the Office and RFU. 18. Binding Nature. The Department, RFU, and all officers, owners, directors, employees, heirs and assigns of RFU intend to be and are legally bound by the terms of this Order.

4 19. Counsel. This Order is entered into by the parties upon full opportunity for legal advice from legal counsel. 20. Effectiveness. RFU hereby stipulates and agrees that the Order shall become effective on the date that the Office executes this Order (“Effective Date”). 21. Other Enforcement Action. a. The Department reserves all of its rights, duties, and authority to enforce all statutes, rules and regulations under its jurisdiction against RFU in the future regarding all matters not resolved by this Order. b. RFU acknowledges and agrees that this Order is only binding upon the Department and not any other local, state or federal agency, department or office regarding matters within this Order. 22. Authorization. The parties below are authorized to execute this Order and legally bind their respective parties. 23. Counterparts. This Order may be executed in separate counterparts and by facsimile or electronic format. 24. Titles. The titles used to identify the paragraphs of this document are for the convenience of reference only and do not control the interpretation of this document.

5 WHEREFORE, in consideration of the foregoing, including the recital paragraphs, the Department of Banking and Securities, Compliance Office, and Rates For Us, LLC, intending to be legally bound, do hereby execute this Consent Agreement and Order. FOR THE COMMO
WEALTH OF PE

SYLVA
IA, DEPARTME
T OF BA
KI
G A
D SECURITIES, COMPLIA
CE OFFICE __ John Talalai, Director Compliance Office Pennsylvania Department of Banking and Securities Date: _______________________________ FOR RATES FOR US, LLC

---

(Officer Signature)

---

(Print Officer Name)

---

(Title) Date: ______________________________ Alec Baker COO 10/07/2025 10/07/2025 Redacted Redacted